HCL Technologies Limited (HCL), a leading global technology company, today announced the acquisition of Sankalp Semiconductor (Sankalp), an advanced technology design services provider offering comprehensive digital & mixed signal SoC services and solutions from concept to prototype, in the semiconductor space.
Sankalp, with 5000+ man-years of experience in the semiconductor design space, brings strong capabilities in analog, digital and mixed signal chip design. It provides end-to-end solutions in the Automotive, Consumer, IoT, Medical Electronics, Networking and Wireless domains.
Sankalp's capabilities, combined with HCL's existing strengths, will help HCL sustain its leadership position in the semiconductor space within the Engineering and R&D Services industry. This strategic acquisition would enable HCL to further expand into newer market-domains, especially in analog and mixed signal design.
"Sankalp will complement our strong semiconductor offerings and help offer a wider range of services to our customers in the Analog & Mixed signal space" said GH Rao, President - Engineering and R&D Services, HCL Technologies. "Sankalp will operate as a 100% subsidiary of HCL" he added.
"The strategic acquisition will enable synergies between engineering teams allowing us to offer a broader semiconductor know-how, to a wider variety of customers. The joined forces will enable deeper engagements with customers in the end-to-end digital and mixed signal design space." said Samir Patel, CEO Sankalp Semiconductor.
Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.1085 as compared to the previous close of Rs. 1101.5. The total number of shares traded during the day was 53575 in over 1483 trades.
The stock hit an intraday high of Rs. 1100 and intraday low of 1081. The net turnover during the day was Rs. 58124563.